Overview / Commentary
Grand Rivers Community Bank is headquartered in Grand Chain and is the 400th largest bank in the state of Illinois. It is also the 5,152nd largest bank in the nation. It was established in 1902 and as of March of 2019, it had grown to 11 employees at 3 locations. Grand Rivers Community Bank's savings rates are 44% higher than the national average, but it has a F health rating.
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Health
F
Data as of Q1 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Grand Rivers Community Bank has a low asset base, and a negative return on equity.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 10816 |
| Year Established | 1902 |
| Employees | 11 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.43% |
| Return on Equity - YTD | -20.22% |
| Annual Interest Income | $400.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $33.1MM$44.7MM |
| Loans | Q1 2019vs Q1 2018 | $21.0MM$31.3MM |
| Deposits | Q1 2019vs Q1 2018 | $29.4MM$40.2MM |
| Equity Capital | Q1 2019vs Q1 2018 | $2.4MM$3.1MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $511.00K$1.0MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $1.5MM$846.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $620.00K$1.0MM |
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Grand Rivers Community Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | - | - | Passbook Savings | |
| 0.51% | - | - | Tugboat Kids Savings | |
| 0.50% | - | - | Vacation Club | |
| 0.50% | - | - | Christmas Club |
Grand Rivers Community Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $1.5k | - | NOW Account |
Grand Rivers Community Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.23% | $1k | - | 60 Month CD | |
| 1.00% | $1k | - | 12 Month CD | |
| 0.95% | $1k | - | 48 Month CD | |
| 0.85% | $1k | - | 36 Month CD | |
| 0.61% | $1k | - | 24 Month CD | |
| 0.31% | $1k | - | 6 Month CD |
Locations
| Grand Rivers Community Bank Locations | ||
|---|---|---|
| Grand Rivers Community Bank | 260 S Main St | Grand Chain, IL 62941 |
| Karnak Branch | 406 Washington Street | Karnak, IL 62956 |
| Shawneeton Branch | 105 E. Shawnee Avenue | Shawneetown, IL 62984 |